IBT Staff Reporter

Shares in oil major BP fell on Tuesday on a report the company's managers could face manslaughter charges following the Gulf of Mexico oil spill, which could lead to much higher fines over the disaster.

Oil prices turned positive on Tuesday as Gaddafi's troops halted a rebel advance, raising doubts among investors over how quickly the conflict in OPEC member Libya could be resolved.

Amongst all the talk of war, when India faces Pakistan in the semi-finals of the Cricket World Cup, it would be good to remember that at the end of the day, it is a Cricket match.

Banks will be forced to keep some risk when they securitize all but the most conservatively written mortgages under rules that regulators are expected to vote on Tuesday, the New York Times reported on Monday.

The International Community is meeting to support Libya's people to find a political transition away from current leader Muammar Gaddafi, a move President Barack Obama backed in a speech Monday as he outlined a support role the U.S. will play while an international coalition carries out military attacks on Libyan defenses to enforce a no-fly zone.

St. Louis Federal Reserve chief James Bullard urged the U.S. central bank on Tuesday to begin reversing its campaign of monetary easing, saying it could trim its $600 billion bond-buying program by $100 billion.

Amazon.com Inc is introducing an online service to allow customers to store their music files remotely and access them through their smartphones and computers in a move aimed at drawing music buyers from rivals such as Apple Inc's iTunes.

U.S. stocks were little changed in choppy trading on Tuesday as continuing global crises kept investors cautious before the quarter's end.

Father of Java James Gosling has joined Google, much to the dismay of Oracle CEO Larry Ellison, even as Google and Oracle slug it out over Java patent infringement lawsuit targeting Android.

It was announced several weeks ago that actor Will Ferrell will guest star on the final four episodes of season seven of The Office.

Support of iOS devices is a notable omission with Amazon's recently-announced Cloud Player

U.S. single family home prices fell for the seventh straight month in January, bringing prices to just above April 2009 lows, a closely watched survey said on Tuesday.

Lennar Corp , the third-largest U.S. homebuilder, swung to a quarterly profit, mainly helped by higher margins.

McCormick & Co posted a bigger quarterly profit as demand at its industrial business segment remained strong, and the spicemaker backed its 2011 outlook.

Lennar Corp , the third-largest U.S. homebuilder, swung to a quarterly profit, sending its shares up in premarket trading.

U.S. stock index futures pointed to a slightly higher open on Tuesday as many investors, cautious about global crises, bided their time before the quarter's end.

Oil prices slipped on Tuesday for a third consecutive day as rebels and government troops battled for supremacy in Libya and more bad news from Japan's stricken nuclear plant sapped investor confidence.

General Electric Co reached a $3.2 billion agreement to acquire a maker of automation systems used in the oil and gas sector, marking the latest in a series of deals in the energy industry.

Dollar Gold Prices fell in Asian and early London trade on Monday, dropping 1.3% to a 6-session low of $1411 per ounce as global equities slipped and the US currency rose on the forex market. Silver Prices lost 2.1% to hit a 3-session low beneath $36.50 per ounce.

Intel rolls out out a new generation of SSD products

Risks that could lead to a property bubble are still building up in China, and more action is needed to cool speculative fervor, the country's banking regulator said on Tuesday.

U.S. stock index futures were flat on Tuesday near the quarter's end as investors took a wait-and-see stance, unsure about the impact of global crises.

The U.S. Federal Reserve's $600 billion asset purchase program could be trimmed by some $100 billion given the recovery in the U.S. economy, St. Louis Federal Reserve President James Bullard said on Tuesday.

Japanese automakers including Toyota Motor Corp <7203.T> and Nissan Motor Co <7201.T> said on Tuesday it would be some time before they could return to full production after Japan's devastating March 11 earthquake and tsunami disrupted supplies to their plants.

Oil prices fell around a dollar on Tuesday in a third day of declines as expectations mounted of a relatively swift restoration of supplies from OPEC member Libya.

Brazil's young wizard Neymar has admitted that joining English Premier League champions Chelsea would be a dream come true.

U.S. policymakers may not be willing or able to wait for all global uncertainties to be resolved before they begin normalizing loose monetary policy, St. Louis Federal Reserve President James Bullard said on Tuesday.

U.S. stock index futures were flat on Tuesday as investors looked ahead to a round of corporate results that could show the impact of overseas crises

Using data from the Large Hadron Collider (LHC) experiment, scientists have observed the decays of a rare particle - dubbed 'b-meson' - that could provide clues on why antimatter all but disappeared after the Big Bang.